PSE Market Summary:
The Philippine Stocks Market closed is up for the third straight trade, slightly increasing by 1.19 points to P5,470.70. Total trades reached 23,004 with 75 stocks advances 83 declines and 52 stocks unchanged.
PCOR Reports P932M Income for Nine Months
Petron Corporation (PSE:PCOR) realized consolidated net income of P932 million for the first nine months of 2012 despite volatile global oil markets. 3Q income reached P500 million to reverse the recorded loss posted on 2Q. PCOR stocks increased by P.04 to close at P10.78.
RFM Net Income Increase 47%
RFM Corporation (PSE:RFM) posted P440 million net income for the first nine months of 2012, up by 47% from last year. The company also accounted a 13% sales growth. RFM shares closed lower by P.04 at P4.13.
JFC Declares Cash Dividend
Jollibee Foods Corporation (PSE:JFC) issued regular and special cash dividends as follow:
regular:
cash = P.62 per share
ex-date = Nov. 27, 2012
record date = Dec. 3, 2012
payment date = Dec. 19, 2012
special:
cash = P1 per share
ex-date = Nov. 27, 2012
record date = Dec. 3, 2012
payment date = Dec. 19, 2012
CPG Reports 95% Growth
Century Properties Group, Inc. (PSE:CPG) reported 95% increase in net income to P1.4 billion for the first nine months of 2012 backed y stronger sales. CPG stocks closed at P1.43 inceasing by P.03 per share.
RCB Net Income UP 17%
RCBC (PSE:RCB) net income for the first nine months of 2012 reached P4.8 billion or 17% higher than last period. The growth was mainly due to higher net interest income. RCB shares closed at P46.95 up by P.10 for the day.
PIP Posts 208% Growth
Pepsi-Cola Products Philippines (PSE:PIP) posted a record 208% increase in profits for the first nine-months of 2012. PIP stocks closed at P5.55. lower by .P05 for the day.
SMC Nears Deal to Sell Bank of Commerce
San Miguel Corp. (PSE:SMC) moved a step closer to finalize a deal to sell its majority stake in Bank of Commerce. It has confirmed it is currently in talks with Malaysian investors to push through with the transaction. SMC shares were unchanged to close at P109 per share.
ALI to Invest in FamilyMArt
Ayala Land, Inc. (PSE:ALI will spend P80 million to establish 30 FamilyMart stores in 2013. This will help them build their retail portfolio taking advantage of partnering with established brands/. ALI shares inched higher by P.35 to close at P23.25 per share.